Car prices before the next explosion? Renault boss has a clear warning
The rumored Euro 7 emission standard could become a danger for car buyers who pay attention to their money. Renault boss Luca de Meo is not alone with this view. But the CEO of the French manufacturer expects unusually drastic consequences. The emission standard should not even stop at e-cars.
Car buyers have to dig deep into their pockets: Renault boss warns of Euro 7
Renault boss Luca de Meo expects additional costs of 1,000 euros per car to make the current combustion engine generations fit for Euro 7. That would be on a Plus of at least 2,000 euros on retail prices run out. “The Euro 7 proposal will have a major impact on our business and employees. The deadlines are too short and the limit values too broad,” he criticizes in his new role as chairman of the European car manufacturers association ACEA (source: car).
According to De Meo, the cost would primarily come from “thousands and millions of hours of testing” caused. The car manufacturers would need this in order to adapt their technology to the specifications. The limit values in the previous drafts have hardly been changed. However, the cars have to comply with their previous emission limits in many more driving situations. In this respect, the requirements are actually tightened.
The current situation is not exactly in the mood to buy:
With a corresponding surcharge on prices, Renault expects a loss of 7 to 10 percent on the new car market. Such a decline could leave Renault alone in Europe close up to four production sites would have to.
With the expected surcharge of 2,000 euros, de Meo goes far beyond the limit that the EU Commission is expecting. In the worst case, there was talk of a few hundred euros more per vehicle. VW brand boss Thomas Schäfer, on the other hand, expects an even greater price explosion from Euro 7. According to the current status, the new emissions standard should apply from 2025, but nothing has been decided yet.
Damage to e-mobility: This is how the emissions standard straddle
Even now, however, it is not only intended to cause difficult times for the likely last generations of combustion engines, but also to damage the switch to e-cars. De Meo criticizes that Euro 7 would force car manufacturers to invest much more money than necessary in the further development of combustion engines – money that would then be lacking for investments in electric drives. By the way: The new emissions standard also applies to e-cars.
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